Nasdaq-listed tanker and LPG owner Toro has offloaded two ships for an aggregate price of $49.5m and a net gain of nearly $27m.
The spinoff of Cyprus-based Castor Maritime has sold the 2006-built handysize MR tanker Wonder Formosa for $18m and the 2005-built aframax Wonder Vega for $31.5m to two different unaffiliated third parties.
The Petros Panagiotidis-led firm said it expects to record Q4 2023 profit of $9m from the sale of the 36,700 dwt Wonder Formosa, Castor bought for around $8.75m in 2021 and $17.7m from disposing the 106,100 dwt Wonder Vega picked up for $14.8m the same year.
Both ships should deliver during the fourth quarter of 2023. On a fully delivered basis, Toro’s owned fleet now stands at two tankers as well as four LPG vessels the company purchased in April.
